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plunge off the fiscal cliff. with no plan and no apparent hope. but here we are, and we have got to do something. if we are determined to go over the cliff, as we seem, we have to do something to stop and the landing. at the bottom of the fiscal cliff are immediate and massive tax increases, deep and indiscriminate spending cuts, and a risk of another recession. if we come down on the final hours -- we have to bang choices -- to do nothing and cause an unbelievable amount of hardship for our fellow americans, or to do something to reduce the suffering inflicted on our citizens by an inflexible political system. mr. president, i choose to do something. today i am introducing the act -- the cliff alleviation at the last minute act. the act would do three important things. it will soften the financial blow the fiscal cliff, it will colmar financial markets, it gives us the certainty of a plan. it allows us, if we ever find the courage, to pursue the fiscal grand bargain that has eluded us so far. the financial markets are watching us and getting warmer -- nervous by the hour. we need to a
, standing on the floor of the senate in front of the american people hours before we plunge off the fiscal cliff. with no plan and no apparent hope. but here we are, and we have got to do something. if we are determined to go over the cliff, as we seem, we have to do something to stop and the landing. at the bottom of the fiscal cliff are immediate and massive tax increases, deep and indiscriminate spending cuts, and a risk of another recession. if we come down on the final hours -- we have to bang choices -- to do nothing and cause an unbelievable amount of hardship for our fellow americans, or to do something to reduce the suffering inflicted on our citizens by an inflexible political system. mr. president, i choose to do something. today i am introducing the act -- the cliff alleviation at the last minute act. the act would do three important things. it will soften the financial blow the fiscal cliff, it will colmar financial markets, it gives us the certainty of a plan. it allows us, if we ever find the courage, to pursue the fiscal grand bargain that has eluded us so far. the financia
cliff. this is one hour and 10 minutes. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> welcome to the national press club. my name is theresa werner, the president of the national press club. we are the leading professional organization for journalists to programming and events such as these. while fostering a free press worldwide. for more information about the national press club, a visit our web site, www.press.org. to donate to the program through our national institutes, please visit press.org/institute. on behalf of our members, i would like to welcome our speaker and those of you attending today. art temple includes guest of our speaker and working journalists who are members of the press club. if you hear applause, we would note that members of the general public are attending. it is not necessarily a lack of journalistic conductivity. i would also like to welcome our c-span and public radio audiences. our lunches are also featured on our weekly podcaster on the national press club. you can also follow
government. host: can you take us through the next 48 hours on this debate on the fiscal cliff? what needs to happen? caller: ok. i say, the president should be willing to come up to $300,000, as far as tax increases. we need revenue. $400,000, some people make that. we need revenue. the only way to get it is to get it from people who actually have the money. there is no shame in helping our government. this is our government. the republicans need to understand that social security and medicare -- listen, those are so important. people are talking about i do not want children paying the bill. they will need social security as well. i want republicans to realize that they were elected to do the will of the people. not just the three% or whatever. they all need to understand that we are all affected by their thinking -- the president won the election, right? host: thank you for the call. i want to take you through some of the effects, if we do go off the fiscal cliff, if congress takes no action. this is the chart from the new york times of what will happen immediately and in the next couple
this december 31, 11 hours before the midnight deadline for congress to reach an agreement on the fiscal cliff. >> president of the united states -- [applause] >> thank you. >> happy new year to you. >> low, everybody. thank you. everybody have a seat. good afternoon, everybody. welcome to the white house. i realize that the last thing you want to hear on new year's eve is another speech from me. but i do need to talk about the progress being made in congress today. for the last few days, leaders of both parties are working toward an agreement that will prevent a middle-class tax hike from hitting 98% of all americans starting tomorrow. preventing that tax hike has been my top priority. the last thing that folks like the folks appear on this stage can afford right now is to pay an extra $2,000 in taxes next year. middle-class families cannot afford it, businesses cannot afford it, our economy cannot afford it. today, it appears an agreement to prevent this new year's tax hike is within sight. but it is not done. there are still issues left to resolve but we are hopeful that congress can get it
to reach the debt limit. let's go back to the cnbc website. "hours from the fiscal cliff, washington awaits deal." experts foresee a significant drag on the economy. negotiators keeping the bush-era tax cuts in place for all but the wealthiest americans. this is having a huge impact on what the markets want, which is some certainty. good morning, andy. caller: i was a volunteer rescue worker at the world trade center. i have two cancers. these guys want to mess with social security. there was a guy on yesterday. he was willing to pay a little more. he will still have over $200,000 left. he'll have maybe $20,000 last. it is ridiculous. we of the strong people. we are the ones that survive. they call us the little people. we are the strong people. host: it is 7:35 eastern time. the house will gavel and at 9:00 p.m. eastern time. we will have live coverage. the senate is coming in at 11:00 a.m. more from the senate floor yesterday. [video clip] >> i'm sure if president does not want a climate like this happen. i do not want on my watch for this to be the last thing that happens on my watch. i
, the war in iraq, and the fiscal cliff. this is one hour and 10 minutes. for more information about the national press club, a visit our web site, www.press.org. to donate to the program through our national institutes, please visit press.org/institute. on behalf of our members, i would like to welcome our speaker and those of you attending today. our table includes guest of our speaker and working journalists who are members of the press club. if you hear applause, we would note that members of the general public are attending. it is not necessarily a lack of journalistic conductivity. i would also like to welcome our c-span and public radio audiences. our lunches are also featured on our weekly podcaster on the national press club. you can also follow on twitter using #npclunch. i will ask as many questions as time permits. now i would like to introduce our guest and i would ask of you to stand is your name is announced. from your right, michael phelps, publisher and ceo of the washington examiner. doris, president and editorial associates. jerry, buffalo news and former national
five hours in the fiscal cliff they're claiming they're willing to compromise. it is quite a laughable concept. i hope they get their act together. thank you for your time. >> i think both parties knew that both taxes have to be raised. is a terrible that we got involved and two wars. knowing wants to be held responsible. they pose some areas to the other one. they cannot possibly excepted. the end result is taxes will go up. no one is when to be responsible. we have to be responsible for the bad choices they make since we chose bad leaders. we are going to have to divide this terrible sandwich and pay a lot more. a lot of people are going to suffer. host: we have one dead. she is in carthage, texas. are you there? caller: i think our white house is like a spoiled child. they do not want to get in to helping get what you really need. it the democrats would go ahead and agree on these spending cuts, this is not going to do us any good. they're talking about the taxes that would have tonight. the whole idea is this supposed to go on. we are not accomplishing anything by doing that. we're
be through a carbon tax is somethi. you can go to the c-span fiscal cliff website to get all the latest information, www.cspan.org/fiscalcliff. you should be checking back over the next 48 hours. guest: a deadline this afternoon. senator reid has said he will bring a bill to the floor that is what the president has asked for. i would not call it a plan b but it is clearly a fallback. bring ae're going to bill to the floor. it is an increase of taxes. eliminate single the amt or 2012 and extending unemployment. it would be those three elements. he would be st. negotiate with me and we can get something better. i would expect this to be filibustered. it plays right into what the white house might want. host: what incentive is there for john boehner to bring the bill up in the house of? guest: that is a good question. he said we might amend it. with these few hours before the start of the cliffs, paying a bill back and forth would most certainly mean we're going off. caller: i have a couple of comments. i think members of congress and the senate need to know that we are at their employers.
speaker, i rise today to implore the house g.o.p. leadership to address the looming fiscal cliff. we have only a few hours left and we owe it to the american people to find a solution. pass legislation and send it to the president for his signature tonight. there's too much at stake to let this critical situation devolve into the same politics as usual. that we have seen throughout this congress. the consequences of failure inaction are dire. according to the congressional budget office, going over the cliff would raise unemployment rate from 7.9 to 9.1% in 2013. we would also see devastating cuts to programs that pay for education, food inspection, and air travel safety. nearly $55 billion. madam speaker, there is no more time and the american people are depending on us for a solution to avoid this fiscal cliff. thank you. i yield back. the speaker pro tempore: the gentlewoman yields back. for what purpose does the gentleman from la rise? -- from louisiana rise? without objection. >> here we are on new year's eve, working to avoid this latest fiscal cliff. of course, if you wonder why we
is standing by to consider any agreement regarding that looming fiscal cliff. members have been promised 48 hours to review any deal before it goes to the floor for debate. let's take you live to the floor of the house. we see them just about to walk in the door. a quick reminder, we are expecting remarks from steny hoyer in about 20 minutes. we plan to bring you those lives. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the speaker pro tempore: the house will be in order. the chair lays before the house a communication from the speaker. the clerk: the speaker's room, washington, d.c.,, december 27, 2012, i appoint steven latourette to act as speaker pro tempore on this day, signed john amplete boehner. speaker of the house of representatives. the speaker pro tempore: the prayer will be offered by our chaplain, father conroy. chaplain conroy
. this is about an hour. >> good morning. good to see you all. another day of fiscal cliff or fiscal curve, whatever one wants to term it. what we do know is the law is about to change, all the tax cuts from the bush era are about to expire. across the board spending cuts, some $1.2 trillion over the next ten years. so these are significant changes in law about to occur absent action by the congress and by the president. first of all, thank you, bob for that kind introduction. thanks for being so persist nt. i'm glad to have the chance now to come. in reflecting for my fair well address in the senate, i thought back to what motivated me to run for the united states senate. about 48 years ago i came to washington as a 16-year-old, sat in the gallery and watched a debate occur on civil rights. and i thought at the time some day i'd like to do that. i'd like to represent my state and i'd like to debate the great issues of the day. and after that trip i went home and i wrote on the back of an informal that i would run for the united states senate in 1986 or 1988 and i ran in 1986 and won what
obama on the fiscal cliff. the president is not making a new offer. if he does not get a proposal that can pass both chambers, the president will push for a straight up or down vote on his plan. that news from the associated press. you can find more online. we will be at the white house, to bring you more updates as they happen. in a meantime, we are looking at some of the senators and representatives retiring at the end of this congress. next, lynn woolsey. she represents california's sixth district. she is unofficially known as the matriarch of the anti-war movement in congress. from earlier this month, this is about half an hour. >> representative lynn woolsey retiring, 20 years in congress. safe seat. why are you leaving? >> well, i had my i will say it this way, i was elected 20 years ago on my 55th birthday. november 3. do the math and 20 years and 75 years old and it is time for me to retire. >> what is next? >> i'm president for americans for democratic action. i was just re-elected for a second term. i follow in the footsteps of george mcgovern and others and i will have
-span fiscal cliff website to get the latest information. you should be checking back over the next 48 hours as things develop. guest: 8 the deadline this afternoon. the senate has set a self- imposed deadline for 3:00. host: is that senator reid's plan b? guest: it is clearly fall back. we will try to come up with negotiations. if not, we will bring a bill to the floor, he will tell the republicans. it will increase taxes on everyone earning over $250,000. it will fix the alternative minimum tax and extend unemployment. it would be those three elements. he would be saying to the republicans, negotiate with me. we can do to something better. otherwise, we will take a vote on this. i would expect this to be filibustered. that may play into what the white house wants, that would mean republicans having to take responsibility. john boehner did promise to bring up whatever the senate passed. he said we might amend it. an amendment process would almost certainly mean going over the cliff. host: sue is next on the independent line. caller: i think members of congress and the senate need to remembe
. but >> on friday's washington journal, a look at the fiscal cliff. an examination of home ownership in the u.s. later, a discussion on poverty and hunger. "washington journal" is live every morning at 7:00 a.m. on c- span. >> the california representative is retiring this year. we spoke with her in november about her time as co-chairman of the progressive caucus, as well as her opposition to the iraq and afghanistan worse. this interview it -- wars. this interview is for 30 minutes. retiring, 20 years in congress. why are you leaving? >> well, i had my i will say it this way, i was elected 20 years ago on my 55th birthday. do the math and 20 years and 75 years old and it is time for me to retire. >> what is next? >> i'm president for americans for democratic action. i was just re-elected for a second term. i follow in the footsteps of george mcgovern and others and i will have a national presence and i will be traveling around the world to developing countries with the organization. >> what are you going to be doing with them? >>i will go with them on educational program. i've been on one be
Search Results 0 to 17 of about 18 (some duplicates have been removed)